OCR Text |
Show May 11. 1956 DISCOVERY of what is believed to be a hitherto unknown vein at a depth of 3850 feet below Sunshines main adit and intersection of the structure in a drill hole on the 4000 bottom level has interesting possibilities. It could add years of life to the famed Sunshine mine and stimulate a new era of exploration below the present basement in the Coeur dAlene mining regions Silver belt. THE OIL STRIKE at 4700 feet in the Ostermiller area east of Denver in a joint venture with Denver Basin Oil Co. is of more immediate importance to Sunshine financially. It may. have opened a new field. A few more ore-beari- ng Houses Enroute For Cramped Moab Citizens Work on the MOAB, Utah Mountainview Develop$600,000 ment Co. housing project will be started here next week. Dick McKean of McKean Construction Co., Salt Lake City, contractor for the project, said excavation for concrete work will begin Tuesday morning. Many of the new homes are scheduled for completion before Labor 50-un- it Day. Fred Stoye of Moab is general manager of the Mountainview Development Co. All homes in the will have three bedrooms, and have been approved for FIIA and GI financing. City officials have lauded the Mountainview project as a major move In alleviating the housing situation in Moab, where more than 400 families now are living in trailers. The town has grown from 1,200 to 6,000 in the last three years as result of the uranium boom. Recent announcement by the r Oil Corp. that the company plans to proceed with development of its potash deposits north of Moab is expected to add still more to the towns pop ulation. officials indicated r the company may spend $30,000,-00- 0 on the potash project in the next three years. sub-divisio- n Delhi-Taylo- Delhi-Taylo- Public Welcomed Mincono, Inc. School To Open In May nli-lit- es hew Page 5 The Western Mineral Survey, Salt Lake City, Utah such producers will give the company as much income from United States oil as it now is getting rom 154 producing wells in the Pembina field, Alberta, Canada. I Sunshines small interests in these producers total about 1000 barrels daily. PRODUCTION from the Radon in April is expected to total 4000 tons of ore averaging .32 per cent uranium oxide. Full output of 250 tons daily is scheduled by July. The Radon ore body was discovered by U & I Uranium of Kellogg, Ida., which subsequently was merged by Federal Uranium. Hecla is the operating firm. In the adjoining Hot Rock group, Hecla has two hot holes, one of which tested nearly six feet of .67 ore. POLARIS, Hecla subsidiary, passed a first quarter dividend because of a drop in net profit and costs of an ambitious exploration program .Earnings were $59,262, versus $119,400 in the first three months of 1955. Net current assets March 31 totaled $1,307,289 vs. $1,224,876 at the beginning of this year . . . Polaris is producing 6000 tons of ore monthly from its Silver Summit area with 120 men . . . The new ore body on the 2500 level has been opened more than 120 feet with an average width of 5 feet and average grade of 32 ounces of silver per ton. Two thousand feet of exploration tunneling is planned on the 2500 and 3200 levels in the 59 per cent owned Purim area, in which Silver Dollar has a substantial interest. In the Chester area, a raise is up approximately 100 feet in good ore from the 3000 level and one of four holes below the level has foupd ore . . . The bore into Rainbow ground has penetrated more than 700 feet and is getting into an area where results can be expected if the Rainbow vein carries down to the 3000 level. SILVER MOUNTAIN shaft, a Hill underjoint more than 650 is down taking, for feet and is scheduled completion to the 2000-fopoint before the end; of the year. The Idaho Silver vein then will be folowed for more than 6000 feet, with the hope of (finding mineralization like that in the nearby Lucky mine. Friday Hecla-Bunk- er ot lead-silver-zi- nc More Lands Reopened The Grand Junction Operations Office of the U. S. Atomic Energy Commission revoked the withAn unusual opportunity for drawal of several parcels of pubmen between 21 and 60 was op- ic lands and reserved minerals ened this week by an Hlinois in patented lands in southwest-an- d northwestern New Mexico, manufacturer Mincona, Inc. The firm which makes a dry mineral and restores such lands to the concentrator announced the for- public domain for possible public mation of a school to open May entry. t 15, in Marysville, Mont. The total acreage of the lands is 60,968.83. According to Herman R. Nohr, involved This includes 6,622.76 acres in president, Mincona has begun a $2 million reactivation of the the Bradford Canyon and La Sal ghost town of Marysville in set- Creek areas of San Juan county, ting up a training program to de- Jtah; 8,199.18 acres in the Polar velop skilled operators for their Mesa area of Grand county, Utah; .9,192.38 acres in Skein Mesa-Wil- d machines. Steer Canyon area of MontThe school, Nohr stated, will rose county, Colo.;ll, 875.81 acres train about 150 men per year and in the Bluewater area of Valencia will teach ore and mineral recog- and McKinley counties, N. M.; nition, assaying technic, smelting 2,560.96 acres in the La Sal Creek and general mining. area of Montrose county, Colo.; Men being sought for the pro- 12.517.74 acres in the Yellow Cat area of Grand county, Utah. gram must be in good health, The above acreages include must be bondable and must have mechanical and analytical apti-tur- 2.997.74 acres of private and state-owne- d lands. Under the terms of the Interior Applicants chosen will have Department's Public Land Order transportation paid to the school, 1295 which appeared in the Feda six weeks training period with eral Register of Thursday, May payment of $50 per week plus 3, the public lands and reserved room and board. Following com- minerals in patented lands depletion of the course, the men scribed in the order will not be will be placed with a Mincona e. as possible. He will have a guaranteed sal ary of $150 per week plus a roy alty. bonus, of .approximately $2500 at the completion of the Whc t? . . .. WESTERN MINERAL SURVEY Right now the circulation of the is keeping pace with the uranium industry in general boomingl and quotations by reading the Keep posted on latest news WESTERN MINERAL SURVEY regularly . . . every week. I SUBSCRIBE NOW! 2 year $5.00 year $3.00 Circulation Departments 421 Church SL - P.0. Box 2608 Salt Lake City. Utah first year. Located in rugged mountainous country, the school will train about 12 men per month. Classes are eight hours per day. The training program will be operated in association with Dr. J. Vernon Neville of Columbus, Mont., his associate, Richard Cum mining special-its- , mings, hard-rocand Endien Enterprises, a smelting equipment distributor. Nohr stated that applications are being received at the Mile High Center office in Denver; at the manufacturing plant in Des Plaines, 111., and through Dr. Neville in Columbus, Mont. Mincona recently closed applimacations for the Mincona-Mati- c 1000 chine as more than mining companies throughout the country had applied, Nohr said. This move was a temporary one, he added, to allow production to CITY Remittance Bill me later 220440 3 PHASE VOLT 60 CYCLE WITH 6 CYLINDER WAUKASHAW GASOLINE ENGINE BRAND NEW COMPLETE WITH CONTROL PANEL GOVT COST 65.000 SPECIAL $2,000 on you purchases of tups, machinery Let ns save yon np to 50 covers, power and light plants, pnmps. hose, compressors, cable, electric wire, trnchs. conveyors, machinery, paint, lacqner. thinner. fork lifts, steel shelving, etc. List your needs with Harold Buck, Buck's War Surplus, P. O. Box 1029, Ogden, Utah. Ol-Ja- to 5-16- 21 LET US HELP YOU SELL YOUR SURPLUS INVENTORY AND EQUIPMENT. NEW ISSUE 9,500,000 SHARES Uranium Co. Stockholders that all Stockholders may be notified of current development! together with advice of the Annual Stockholders meeting, it is suggested that all stock be trans-fere- d to the name of the present So URANIUM, INC. I-- A A HEVADA CORPORATION t OFFERING PRICE PER SHARE NON-ASSESSAB- LE holder. Transfer Office is located at: 114 ATLAS BLDG. SALT LAKE CITY. UTAH The Company is presently engaged in the business of exploration and mining in the Circlt Cliffs area in Southern Utah, where it owns 72 mining claims. A COPY OF THE OFFERING CIRCtLAR MAY BE OBTAINED FROM THE UNDERWRITER SHAREHOLDERS Rae Mining Co. Homestake-L- e J. J. M1NEB1CH CO.. INC. 214 N.W. 4th SL Faribault, Minn. STATE mining existing k New Address: ADDRESS valid claims located prior to the withdrawals; some of the lands in Utah are owned by the State of Utah; and others may be subject to the provisions of other withdrawals. Persons contemplating prospecting and locating mining claims in the areas are urged to check the records of the Land Offices, Bureau of Land Management In Denver for the Colorado lands, in Salt Lake City for the Utah lands and in Santa Fe for the New Mexico lands, to ascertain whether the lands are otherwise open tp the location of mining claims, and are urged to check on the existence of prior unpatented mining claims in theareas. A complete description of lands now open is available at the Western Mineral Survey office, 421 Church St. SPECIAL 25 KW POWER PLANT Your company is now in good standing in the State of Colorado NAME within Contractors! Mines! Factories! ATTENTION Activities? Issuance of the land order does not necessarily mean that all of the described lands will be open to the location of mining claims because some of the lands are privately owned, having been patented without reservation of minerals; others may be embraced up-gradi- ttw! Interested In Uranium 31. machine separator and in an area as close to his choice catch up. ubjcf-ib-e open to claim location under the mining laws until 10 ami. on Aug. PLEASE WRITE INVESTMENT ACKERSON-HACKET- T 701 CONTINENTAL BANK BLDG. DA 46 CO. SALT LAKE CITY. UTAH DA 83 Please send me the offering circular on J-- A URANIUM, INC. Name.. Address City S141 0 .. .................. .. .. .. . |